Awards recognise fresh perspectives
An investment analyst from MLC scooped the top award at the inaugural IFSA/Deloitte Future Leaders Awards announced yesterday in Sydney.
Myooran Mahalingam, whose entry proposed the introduction of compulsory investment return reporting on a past tax basis, has won a round the world air ticket and five nights accommodation in New York, where he will share his ideas with Deloitte’s global investment management leader Garry Moody.
The awards were started as a way to encourage people under 30-years-old to provide innovative and fresh perspectives to solving issues within the Australian wealth management industry.
In addition to the overall award, Mahalingam’s entry also won the inefficiencies category.
Michael Betts, senior financial adviser at Clearview Retirement Solutions, won the retirement incomes category and Melanie Pulis, compliance manager — wealth management at St George Bank, won the life insurance category.
“These young people certainly meet all our expectations as they tackled these difficult issues head on and proposed some innovative solutions,” Sarah Woodhouse, wealth management partner at Deloitte, said.
A total of 18 entries were received and assessed by a panel of judges that included Dennis Fox (Promina Financial Services), Doug McTaggart (QIC) and Paul Bedbrook (ING).
According to a Deloitte spokesperson, the awards have been “received very well” by members of the industry, and it looks likely they will be offered again in 2007.
Recommended for you
The regulator has convened multiple sitting panels of the FSCP regarding AFSL breach reports which have identified poor superannuation advice from financial advisers.
One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures.
AFCA remains firm on its stance that industry failures occurring in the financial advice sector are fundamentally an advice issue, rather than a product issue.
A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and professionalism”.
